MASTERSKILL EDUCATION GROUP BERHAD
http://announcements.bursamalaysia.com/EDM...F1?OpenDocumentNursing school also worth so much...
THE INITIAL PUBLIC OFFERING (THE “IPO†OR “OFFERINGâ€) OF UP TO 205,000,000 ORDINARY SHARES OF RM0.20 EACH IN OUR COMPANY (THE “SHARESâ€) IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR 409,905,780 SHARES ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIESâ€) COMPRISING:
(I) OFFER FOR SALE OF UP TO 164,000,000 EXISTING SHARES (THE “OFFER SHARESâ€) MADE AVAILABLE IN THE FOLLOWING MANNER:
• 41,000,000 OFFER SHARES MADE AVAILABLE TO BUMIPUTERA INSTITUTIONAL AND SELECTED INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY (“MITIâ€); AND
• UP TO 123,000,000 OFFER SHARES MADE AVAILABLE TO MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS OUTSIDE THE UNITED STATES OF AMERICA (THE “UNITED STATESâ€) IN RELIANCE ON REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “US SECURITIES ACTâ€);
AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING (THE “INSTITUTIONAL PRICEâ€) PURSUANT TO THE INSTITUTIONAL OFFERING
(II) PUBLIC ISSUE OF 41,000,000 NEW SHARES (THE “ISSUE SHARESâ€) MADE AVAILABLE IN THE FOLLOWING MANNER:
• 25,500,000 ISSUE SHARES MADE AVAILABLE TO THE MALAYSIAN PUBLIC, OUR ELIGIBLE EMPLOYEES AND OUR ELIGIBLE GRADUATES AT THE RETAIL PRICE OF RM3.50 PER SHARE, PAYABLE IN FULL UPON APPLICATION (THE “RETAIL PRICEâ€) PURSUANT TO THE RETAIL OFFERING; AND
• 15,500,000 ISSUE SHARES MADE AVAILABLE TO MALAYSIAN INSTITUTIONAL AND SELECTED INVESTORS AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS OUTSIDE THE UNITED STATES IN RELIANCE ON REGULATION S UNDER THE US SECURITIES ACT AT THE INSTITUTIONAL PRICE PURSUANT TO THE INSTITUTIONAL OFFERING
THE RETAIL PRICE IS PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE, IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE. THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF:
(I) THE RETAIL PRICE; AND
(II) 95% OF THE INSTITUTIONAL PRICE;
SUBJECT TO ROUNDING TO THE NEAREST SEN.